There was a very tiny green movement in the crypto market yesterday and it reflected kindly on my wallet. It wasn't really enough to get me to my target but it was nice to see a small rise in the value of my wallet.
My attention is firmly fixed on the market activities in Genesis League Sports because that's where most of my funds are now situated. From a project that I planned to avoid, GLS has become my main source of crypto income and my only hope for future bull markets.
There are still 142 days of GLX staking reward and I intend to at least be in the mix for 70% of that period. The launch of Genesis League Goals is still some way in the future and speculation is that we will see the full game sometime in September.
Based on my rough estimation, that falls about one month before the end of staking rewards. At that point, I expect the GLX Staking APR to have dropped significantly, particularly as the price continues to stay within this region.
We know GLX token will have governance use in the future but I expect gameplay in not only GLG but every GLS future game to be somewhat reliant on the GLX token. So, I reckon there will be significant burning or some feature included in all the games that burn the token.
At this moment, GLG packs can only be bought with GLUSD and Credits but it is possible that in the future, packs could also be bought with GLX token. This could either be done directly or indirectly.
Keep in mind that GLX token will not only be used in GLG but in every game in the Genesis League Sports franchise. So, considering we have only seen one out of a lot of sports-themed games on the platform, it is safe to say that plans for GLX tokens are very long-term.
The short term plans on the plate still revolve around making sales to fund my movement but I'm already gearing up towards increasing my GLX stake soon. The way I see it, even if the market takes a turn for the better, there won't be any dramatic rise in the price of GLX token, so I'll still be able to buy the tokens for cheap.
I don't like to plan too far ahead but I suspect that by around October, I should have completely stopped relying on crypto for sustenance. At that point, I'll be powering up all the Hive that comes my way and also reinvesting HBD into projects that I have faith in.
I can't put a specific date on this one but I believe that by the middle of next year, I will be able to start buying crypto with fiat. This will come only when I've gotten a firm understanding about the crypto space in the UK and I'll have the Hive UK community to guide me through it all.
